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before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy, but only for a party willing to push his economic agenda. >> but he has competition in the form of sylvia berlusconi, italy's former prime minister tells cnbc he feels a responsibility to run. >> translator: i feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales. but u.s. shoppers, they may be running lower on holiday spirit and analysts are saying that they're spending less, as well. >>> if you're just tuning in, thank you so much for joining us on the show here. a bit of a pre-christmas special for you. these are how the markets are looking at the u.s. open. still looking very negative. we had a high volume session on friday where the markets pulled back about 1% across the board. the markets are still in positive tear over to. but nonetheless, the negative sentiment around the
. under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
for the issues that are bought once the law gets changed? >> nobody knows for sure. that brings up a very important point, which is historically, the treasury department has never imposed taxes on anything retroactively. so this would be a very bad precedent if they decide to apply this to existing bonds that are currently outstanding. what they ought to do is apply this, if they're going to do it, on a foregoing basis, the bonds issued after january 1st, 2013, for example. >> we're showing the picture of the mub, the etf that tracks the municipal bond market. we've seen it decline since the beginning of roughly december. i think a lot of people are concerned about this. but your point is, that perhaps if you buy this year, the treasury would not put taxes on those holdings, correct? which could be a good time to buy muni bonds. >> you're playing a gamble on whether or not the treasury is going to protect you for this year or not. personally, i'm a little bit more worried about the fact that the taxes could apply retroactively. just because of the nature of the way this would work. what's
existing laws. they're not enforced. but did you see this gallup, a new record for people that oppose handgun bans. 74%. it's never been that high. 24% -- more people apparently would ban piers morgan from ever appearing on tv again than would ban handguns. that's much higher consensus on that. which i think -- which would be good for everybody, i think. >> look, there are a lot of cross currents here, joe. you're right. i mean i think there's very strong sentiment that something big has to change. >> background checks, you know what? you definitely got to -- you should do that. >> gun show loopholes >> there's some simple things. but actually questioning the second amendment, that's counterproductive. i'm telling you. for people that do that. it's counter productive. anyway -- >> very special thanks to eamon and to jared. happy holidays if we don't see you before the new year. but i think given this conversation we might be talking cliff even on monday. >> thanks. >> coming up, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible
him to invoke federal law in order to invoke a cooling off period. i don't know what the likelihood of that is. i don't know what the president might do. do you think he would -- >> wow. that's a lot of red. >> you step out. you like to step out. you like to make statements, right? >> it's the holidays. >> i'm aware of that. >> you're wearing a red tie today. >> a shirt and a tie. that's usually what i go with, some type of shirt, some type of tie. no bells and whistles. this is your thing. whether you have bracelets -- one of those things is measuring your heart right right now. how is it? >> it's measuring my -- >> your calorie intake? >> my pressure goes up when i'm with you. well, no, this is the jaw bone. >> is it a measure of calories? >> calories, walking, sleeping, rem sleep, how much i shept last night. >> and calories. >> calories. >> if you wore it on your left wrist, would there be less calories, do you know? >> i will test that for you. >> test it out. gasoline prices. you know what i want to ask you? do you employ lobbyists at all? >> no. >> not at all? >> no. >> but w
Search Results 0 to 5 of about 6

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